HSBC Holdings has stated that India's recent economic gains are unlikely to surpass China as the main growth engine of the world economy in the near future. HSBC expects the gap between the two economies to widen, reaching $17.5 trillion by 2028. The bank highlights the difference in consumption and investment trends between the two countries. Although India is expected to contribute significantly to global demand for commodities, consumption, and capital goods, it will take another 18 years for India's investment spending to catch up to China's.
